Texas Is Melting: The Lone Star State's Power Prices Are Soaring Amid Heat Wave – And These 2 Stocks Are Set to Benefit
The heatwave in Texas has sent temperatures off the charts. Triple digits have been reached across the state, hitting 125F in Corpus Christi and 118F in Rio Grande, as recorded by the heat index – which provides a combination of temperature and humidity. Meanwhile, the need for air conditioning has seen demand for power spike – and so has the price. Electricity prices doubled, and earlier this week got as high as $5,000 per megawatt-hour. Making matters worse, especially near the Gulf Coast, is
Source: yahoo.com
